WSJ: DeepSeek seeks $7.4bn at $74bn valuation in new funding round
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Chinese AI startup DeepSeek is raising about $7.4 billion in a new funding round that could value it at $74 billion, according to The Wall Street Journal. The round is expected to include new investors Monolith Management, Shixiang and Contemporary Amperex Technology. The company is also preparing for a Shanghai IPO that could take place next year.
Key Facts
- DeepSeek is seeking about $7.4 billion in a new funding round, according to The Wall Street Journal.
- The round could value the startup at $74 billion.
- New investors expected to participate include Monolith Management, Shixiang and Contemporary Amperex Technology.
- In early June, DeepSeek closed a $7 billion round at a $50 billion valuation with Tencent, CATL and the National Artificial Intelligence Industry Investment Fund.
- DeepSeek has begun preparations for an IPO on the Shanghai stock exchange, which could take place next year.
Funding Round Details
The new round is intended to finance R&D and computing infrastructure construction. The Wall Street Journal reported the $7.4 billion target and $74 billion valuation, citing informed sources. Existing investors are also expected to participate alongside the new firms.
Company Trajectory
DeepSeek gained wide recognition in early 2025 with an AI model comparable to American competitors despite China's limited access to advanced technology and international specialists. In April, the startup introduced a new AI model, V4. The company is preparing for a Shanghai IPO that could occur next year.
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